"The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which last April fell to a multiyear low of $3.02. Shares rebounded afterward but tumbled again. They are now up 25.6% year over year, after a 13.0% pop in the past week after the Chinese government confirmed it will extend EV trade-in subsidies into 2026, and the company offered a strong preliminary Q4 outlook."
"The stock is trading 60.4% higher than six months ago, easily outperforming the S&P 500 in that time. Yet, Wall Street sentiment remains somewhat cautious, with only about half of 27 analysts who cover the stock recommending buying shares. Their mean price target has ticked up to $6.73, which is over 22% higher than the current share price. Note that the high price target is up at $9.18."
"From a stock performance standpoint, Nio has been a tale of two stories. When shares debuted on the New York Stock Exchange on Sept. 12, 2018, at $9.90, they struggled to build momentum. Not until the summer of 2020 did the stock begin to surge, gaining over 810% from June 26, 2020, to Feb. 9, 2021, when the stock hit its all-time high of $62.84. Shares have fallen considerably since then, but the long-term outlook remains strong."
Tariff-driven market volatility pushed Nio shares to a multiyear low of $3.02 last April, followed by rebounds and subsequent drops. Shares are up 25.6% year over year and gained 13.0% in the past week after China confirmed EV trade-in subsidies extended into 2026 and after a strong preliminary Q4 outlook. The stock trades 60.4% higher than six months ago, outperforming the S&P 500. About half of 27 analysts recommend buying, with a mean price target of $6.73 and a high of $9.18. High-performance +600-mile models and battery swap technology support expansion and investor interest.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]